CNN Money says that Facebook is “quietly” working with Australia’s Commonwealth Bank on the creation of a Facebook online banking app. The concept is sound enough, people are already on Facebook, so why not let them do their banking from the same page.
To which I counter, why would you want to?
One stop shopping make sense when you’re out running real errands and gas is $4.00 a gallon, but is there really a need to put all of my internet stops under one roof? Not to mention, under Facebook’s roof?
The app will allow customers to pay third party bills and Facebook friends with a few clicks. Again, there’s good and huh here. Security has always been an issue with Facebook, so in spite of the fact that the bank says the actual transactions will be handled via their secure servers, I’d be reluctant to list all my payees on a Facebook page.